Berkeley Group Announces Strong Interim Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 07 2024
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Source: Business Insider
Financial Performance: Berkeley Group reported a pre-tax profit of £275 million for the first half of the year, with net cash at £474 million, and remains on track to meet its full-year profit guidance of £525 million despite challenging market conditions.
Strategic Growth Plans: The company has launched the Berkeley 2035 growth strategy, planning to invest £7 billion over the next decade in land acquisitions and development, while aiming to address the UK’s housing shortfall through sustainable practices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
